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SAARC began with the establishment of regional cooperation among the countries of South Asia with the primary objective of promoting economic growth, social progress, and cultural development within the region. Formally established in 1985 at the Dhaka Summit, the South Asian Association for Regional Cooperation brought together India, Pakistan, Bangladesh, Sri Lanka, Nepal, Bhutan, and Maldives, with Afghanistan joining later. The creation of SAARC was rooted in the recognition that regional collaboration could enhance collective self-reliance and strengthen the bargaining power of member nations in the global economy. From the perspective of India’s foreign trade and investment, SAARC represented an important step toward fostering intra-regional __________ __________ __________ _____ ____ _______ __________.
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